SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 5)
Under the Securities Exchange Act of 1934
SILICON VALLEY RESEARCH, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, no par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
827068-20-6
- --------------------------------------------------------------------------------
(CUSIP Number)
J.F. Shea Company, Inc.
Edmund H. Shea, Jr.
John F. Shea
Peter O. Shea
James G. Shontere
655 Brea Canyon Road
Walnut, California 91789
(909) 594-9500
(Name, Address and Telephone Number of Persons Authorized to Receive Notices
and Communications)
with copies to:
Carla S. Newell, Esq.
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP
155 Constitution Drive
Menlo Park, California 94025
(650) 321-2400
June 7, 1999 and July 15, 1999
(Date of Events which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box. [ ]
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ------------------------------------------------------
CUSIP NO. 92201B 10 9
- ------------------------------------------------------
<S> <C>
- -------- -----------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
J.F. Shea Company, Inc.
94-1530032
- -------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) __ Not Applicable
(b) X
- -------- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- -------- -----------------------------------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) __
- -------- -----------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Nevada
- ------------------------------ ----- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 9,019,779
BENEFICIALLY
OWNED BY
REPORTING
PERSON WITH
----- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
-0-
----- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
9,019,779
----- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- ------------------------------ ----- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,019,779
- -------- -----------------------------------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES __
Not Applicable
- -------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28.3%
- -------- -----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- -------- -----------------------------------------------------------------------------------------------------------
2
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ------------------------------------------------------
CUSIP NO. 92201B 10 9
- ------------------------------------------------------
<S> <C>
- -------- -----------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Edmund H. Shea, Jr.
###-##-####
- -------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) __ Not Applicable
(b) X
- -------- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) __
- -------- -----------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- ------------------------------ ------ ------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
OWNED BY
REPORTING
PERSON WITH
------ ------------------------------------------------------------------------------
8 SHARED VOTING POWER
9,492,037* (See Item 5 below)
------ ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
------ ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,492,037* (See Item 5 below)
- -------- -----------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,492,037* (See Item 5 below)
- -------- -----------------------------------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES __
Not Applicable
- -------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.8%
- -------- -----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- -------- -----------------------------------------------------------------------------------------------------------
3
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ------------------------------------------------------
CUSIP NO. 92201B 10 9
- ------------------------------------------------------
<S> <C>
- -------- -----------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
John F. Shea
###-##-####
- -------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) __ Not Applicable
(b) X
- -------- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) __
- -------- -----------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- ------------------------------ ------ ------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 7,258
BENEFICIALLY
OWNED BY
REPORTING
PERSON WITH
------ ------------------------------------------------------------------------------
8 SHARED VOTING POWER
9,019,779* (See Item 5 below)
------ ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
7,258
------ ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,019,779* (See Item 5 below)
- -------- -----------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,027,037* (See Item 5 below)
- -------- -----------------------------------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES __
Not Applicable
- -------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28.4%
- -------- -----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- -------- -----------------------------------------------------------------------------------------------------------
4
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ------------------------------------------------------
CUSIP NO. 92201B 10 9
- ------------------------------------------------------
<S> <C>
- -------- -----------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Peter O. Shea, Jr.
###-##-####
- -------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) __ Not Applicable
(b) X
- -------- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) __
- -------- -----------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- -------- -----------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 7,258
BENEFICIALLY
OWNED BY
REPORTING
PERSON WITH
------ ------------------------------------------------------------------------------
8 SHARED VOTING POWER
9,019,779* (See Item 5 below)
------ ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
7,258
------ ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,019,779* (See Item 5 below)
- ------------------------------ ------ ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,027,037* (See Item 5 below)
- -------- -----------------------------------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES __
Not Applicable
- -------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28.4%
- -------- -----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- -------- -----------------------------------------------------------------------------------------------------------
5
</TABLE>
<PAGE>
<TABLE>
SCHEDULE 13D
<CAPTION>
- ------------------------------------------------------
CUSIP NO. 92201B 10 9
- ------------------------------------------------------
<S> <C>
- -------- -----------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
James G. Shontere
- -------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) __ Not Applicable
(b) X
- -------- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF
- -------- -----------------------------------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) __
- -------- -----------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- -------- -----------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
OWNED BY
REPORTING
PERSON WITH
------ ------------------------------------------------------------------------------
8 SHARED VOTING POWER
9,019,779* (See Item 5 below)
------ ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
------ ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
9,019,779* (See Item 5 below)
- ------------------------------ ------ ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,019,779* (See Item 5 below)
- -------- -----------------------------------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES __
Not Applicable
- -------- -----------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28.3%
- -------- -----------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- -------- -----------------------------------------------------------------------------------------------------------
6
</TABLE>
<PAGE>
Item 1 Security and Issuer.
This Schedule 13D relates to the common stock, no par value (the
"Common Stock"), of Silicon Valley Research, Inc., a California corporation (the
"Issuer"). The principal executive office and mailing address of the Issuer is
6360 San Ignacio Avenue, San Jose, California 95119.
Item 2 Identity and Background.
(a) (b) and (c) This Schedule 13D is filed on behalf of J.F. Shea Company,
Inc. ("JFSCI"), John F. Shea, Edmund H. Shea, Jr., Peter O. Shea and
James G. Shontere (collectively, the "Reporting Persons").
<TABLE>
JFSCI is a Nevada corporation whose principal business is construction,
land development and venture capital investment. Its business address is 655
Brea Canyon Road, Walnut, California 91789. The names of the executive officers
and directors of JFSCI, their addresses, citizenship and principal occupations
are as follows:
<CAPTION>
Principal
Name and Occupation
Office Held Business Address Citizenship or Employment
<S> <C> <C> <C>
John F. Shea 655 Brea Canyon Rd USA President of JFSCI
President and Walnut, CA 91789
Director
Edmund H. Shea, Jr. 655 Brea Canyon Rd. USA Vice President of JFSCI
Vice President and Walnut, CA 91789
Director
Peter O. Shea 655 Brea Canyon Rd. USA Vice President of JFSCI
Vice President and Walnut, CA 91789
Director
James G. Shontere 655 Brea Canyon Rd. USA Secretary/Treasurer of
Secretary/ Treasurer Walnut, CA 91789 JFSCI
and Director
</TABLE>
(d) To the best knowledge of the Reporting Persons, during the past five
years, none of the entities or individuals identified in this Item 2
have been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) To the best knowledge of the Reporting Persons, during the past five
years, none of the entities or individuals identified in this
7
<PAGE>
Item 2 has been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and therefore was not and
is not subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with respect
to such laws.
Item 3 Source and Amount of Funds or Other Consideration.
In June of 1999 Silicon Valley Research, Inc. (the "Issuer")
began a subordinated debt/warrant financing (the "Financing"). The Financing
included approximately $1,000,000 of three-year notes and the sale of
approximately 8,000,000 warrants to purchase common stock ("Warrants") at $0.01
per Warrant. The debt bears simple interest of 10% and the Warrants have a
five-year term with an exercise price per share of $0.125. This financing
transaction was comprised of two closings. The first closing took place on June
7, 1999. The Company received $768,000 cash proceeds from this closing. This
included $712,000 of three-year notes and the sale of approximately 5,700,000
Warrants at $0.01 per Warrant. The second closing took place on July 15, 1999.
JFSCI purchased an aggregate of 2,640,000 Warrants in the Financing. The source
of the $26,400 purchase price of the Warrants was the working capital of JFSCI.
Item 4 Purpose of Transaction.
The Reporting Persons purchased the securities to retain or
increase their respective equity interests in the Issuer. Depending upon market
conditions and other factors, the Reporting Persons may acquire additional
securities of the Issuer, in the open market, in privately negotiated
transactions or otherwise. Alternatively, depending upon market conditions and
other factors, the Reporting Persons may, from time to time, dispose of some or
all of the securities of the Issuer.
Although the Reporting Persons reserve the right to develop
plans or proposals in the future with respect to the following items, except as
set forth above at the present time they have no plans or proposals that relate
to or would result in any of the following:
(a) the acquisition by any person of additional securities of the Issuer,
or the disposition of securities of the Issuer;
(b) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
(c) a sale or transfer of a material amount of assets of the Issuer or any
of its subsidiaries;
(d) any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or term
of directors or to fill any existing vacancies on the board;
8
<PAGE>
(e) any material change in the present capitalization or dividend policy of
the Issuer;
(f) any other material change in the Issuer's business or corporate
structure;
(g) changes in the Issuer's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control of
the Issuer by any person;
(h) causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted
in an inter-dealer quotation system of a registered national securities
association;
(i) a class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the
Securities Exchange Act of 1934; or
(j) any action similar to any of those enumerated in (a) through (i) above.
Item 5 Interest in Securities of the Issuer.
<TABLE>
(a) (b) According to information furnished to the Reporting Persons by the
Issuer, there were 26,218,220 shares of Common Stock issued and
outstanding as of June 30, 1999. Based on such information, after
taking into account the transactions described in Item 5(c) below, the
Reporting Persons report the following direct holdings and
corresponding percentage interests in the Common Stock (computed in
accordance with Rule 13d-3(d)(1)(i) of the Securities Exchange Act of
1934, as amended):
<CAPTION>
Shares of Common Shares Underlying
Name Stock Owned Warrants Total Percentage Owned
<S> <C> <C> <C> <C>
JFSCI 3,419,261 5,600,518 9,019,779 28.3%
E&M RP Trust 472,258 0 472,258 1.8%
John F. Shea 7,258 0 7,258 *
Peter O. Shea 7,258 0 7,258 *
Total 3,906,035 5,600,518 9,506,553 29.9%
* Represents less than 0.1%
</TABLE>
9
<PAGE>
The E&M RP Trust is a revocable trust. The trustors and
trustees of the trust are Edmund H. Shea, Jr. and his wife, Mary. The address of
the trust is 655 Brea Canyon Road, Walnut, California 91789.
Because voting and investment decisions with respect to the
securities held by JFSCI may be made by or in conjunction with the other
Reporting Persons, the Reporting Persons may be deemed to be members in a group,
in which case each Reporting Person would be deemed to have beneficial ownership
of an aggregate of 9,506,553 shares of the Common Stock. As a shareholder,
director and executive officer of JFSCI, each of John F. Shea, Edmund H. Shea,
Jr., Peter O. Shea and James G. Shontere might be deemed to be the beneficial
owner of the securities beneficially owned by JFSCI. Although each such person
is joining in this Schedule as a Reporting Person, the filing of this Schedule
shall not be construed as an admission that he or any of the other shareholders,
directors or executive officers of JFSCI is, for any purpose, the beneficial
owner of any of the securities that are beneficially owned by JFSCI.
(c) The Reporting Persons did not effect any transactions other than those
set forth in Items 3 and 4 above.
(d) Not applicable.
(e) Not applicable.
Item 6 Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
None of the Reporting Persons is a party to any contract,
arrangement, understanding or relationship with respect to any securities of the
Issuer, including but not limited to the transfer or voting of any securities of
the Issuer, finder's fees, joint ventures, loan or option arrangements, puts or
calls, guarantees of profits, division of profits or loss, or the giving or
withholding of proxies.
Item 7 Material to Be Filed as Exhibits.
The following material is filed as an Exhibit to this Schedule
13D:
1. Joint Filing Agreement, dated October ____, 1999, between
Edmund H. Shea, Jr., Peter O. Shea, John F. Shea, James G. Shontere and J.F.
Shea Company, Inc.
10
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Date: October ___, 1999.
J.F. SHEA COMPANY, INC.
By: /s/ Edmund H. Shea, Jr.
-------------------------------
Name: Edmund H. Shea, Jr.
Title: Vice President
/s/ Edmund H. Shea, Jr.
-------------------------------
Edmund H. Shea, Jr.
/s/ Peter O. Shea
-------------------------------
Peter O. Shea
/s/ John F. Shea
-------------------------------
John F. Shea
/s/ James G. Shontere
-------------------------------
James G. Shontere
<PAGE>
EXHIBIT A
JOINT FILING UNDERTAKING
The undersigned, being duly authorized thereunto, hereby execute this
agreement as an exhibit to this Amendment to Schedule 13D to evidence the
agreement of the below-named parties, in accordance with rules promulgated
pursuant to the Securities Exchange Act of 1934, to file this Amendment jointly
on behalf of each of such parties.
Dated: October ___, 1999
J. F. SHEA CO., INC., a Nevada
corporation /s/ John F. Shea
-------------------------------
JOHN F. SHEA
By: /s/ Edmund H. Shea, Jr. /s/ Edmund H. Shea, Jr.
- -------------------------------- -------------------------------
Edmund H. Shea, Jr. EDMUND H. SHEA, JR.
Vice President
/s/ Peter O. Shea
-------------------------------
PETER O. SHEA
/s/ James G. Shontere
-------------------------------
James G. Shontere
E-1
